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Electric vehicle prices are tumbling. Here's the financial impact.
The average price of a new EV was $56,648 last month, down 15% from two years prior, according to Kelley Blue Book.
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The average price of a new EV was $56,648 last month, down 15% from two years prior, according to Kelley Blue Book.
A typical car buyer will pay $10,688 extra in interest payments over the course of a new car loan, one expert said.
Some owners of the electric vehicle will be eligible for compensation of up to $1,400 because of a battery problem that caused fires.
Tesla announced it will lay off nearly 2,700 workers at its factory in Austin a week after the company said it would cut more than 10% of its global workforce. The carmaker also said it plans to launch new, more affordable vehicles next year. That news boosted shares more than 10% in after-hours trading Wednesday.
Foreign automakers dominate U.S. News' list of the best new EVs and hybrids, while Tesla is shut out.
The MY 2024 Cybertrucks have faulty accelerator pedals that may be dislodged when high force is applied, the company said.
Tesla's stock price has tumbled 39% this year amid concerns about the electric vehicle maker's slowing growth.
Tesla has reclaimed the title of largest electric vehicle seller in the world, so why did its stock fall 5% on Tuesday? Rebecca Elliott, reporter for The Wall Street Journal, joins CBS News to discuss.
Tesla accounted for 80% of electric vehicle sales in the U.S. in 2020, but that figure fell to 55% last year.
Of the 14 systems tested by the Insurance Institute for Highway Safety, none earned a top rating.
After 10 years and billions of dollars, Apple has abandoned its plan to create an electric car, canceling Project Titan. Aarian Marshall, staff writer for Wired, joined CBS News to talk about what happened with Project Titan.
While carmakers are ramping up their rollouts of electric vehicles, the construction of EV charging stations has lagged far behind. CBS News national environmental correspondent David Schechter has more.
The U.S. needs more than a million public chargers by 2030, but only a fraction of that number currently exists. Los Angeles is using light poles to help fill the gap.
Parisians have voted in favor of a major hike in parking fees for SUVs, and even heavier hybrids and EVs.
Electric vehicle owners are struggling in cold weather, saying their batteries are dying and charging stations are not working. Jenni Newman, editor-in-chief of Cars.com, joins CBS News to discuss why that is and what drivers can do about it.
New Consumer Reports study finds that about half of electric vehicles fell short of their EPA-estimated driving ranges.
As demand for electric vehicles continues to grow, one startup company in Chile is looking to recycle old tires to help make them more sustainable.
Buyers are calling out car dealerships nationwide for being unprepared and reluctant to make the switch to electric vehicles, according to a new article in The Washington Post. Shannon Osaka, the Washington Post climate reporter who wrote the article, joined CBS News to discuss the unexpected hurdles.
General Motors agreed Friday to include electric vehicle battery production in its new contract with the United Auto Workers union. CBS Detroit reporter Terell Bailey has more.
Former President Donald Trump skipped the second Republican presidential debate and instead gave a speech to autoworkers in Detroit's suburbs. He criticized President Biden, Democrats and the big three automakers over electric cars. CBS News' Robert Costa reports from Detroit.
Auto industry workers are pushing for better "work-life" balance in contract talks with major automakers. Members of the United Auto Workers union are threatening to go on strike Friday if a deal isn't reached. Nora Eckert, auto industry reporter for the Wall Street Journal, joins CBS News to unpack the stakes of the situation.
It will now cost drivers with older gas vehicles $16 daily to enter London. The mayor says it will clear the air, but some say it will "make poor people poorer."
The average new vehicle in the U.S. costs $48,000 and, this year, there was only one model on sale for less than $20,000, according to data from Cox Automotive. Jared Rosenholtz, editor-at-large for CarBuzz, joined CBS News to discuss how prices have changed over time and what it means for the industry.
GM's safety engineer Joe McLaine speaks with CBS News' Ash-har Quraishi about training and the automaker's recommendations for electric and hybrid vehicle fire safety.
New data from car buying platform Autolist shows consumers are wary of the cost and effectiveness of electric vehicles. Medora Lee, money and personal finance reporter with USA Today, joined CBS News to talk about how EV's are trending.
Former U.N. Ambassador Nikki Haley and Florida Gov. Ron DeSantis endorsed former President Donald Trump at the Republican National Convention in Milwaukee.
President Biden is considering proposals to reform the Supreme Court, CBS News has learned.
The FBI is investigating whether the shooter was a politically motivated homegrown domestic violent extremist, and investigators are combing through his background.
"Donald Trump has my strong endorsement," Nikki Haley said in her speech at the Republican National Convention on the second night of the RNC.
U.S. intelligence recently detected an Iranian plot against former President Donald Trump, two U.S. officials tell CBS News.
CBS News is fact checking statements made by GOP speakers on the second night of the 2024 RNC, where Donald Trump will become the GOP presidential nominee.
There had been a brief hiatus in the growing calls by House Democrats for a new nominee after Saturday's attempt on Donald Trump's life, but that seems to have ended.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
The argument date means any prosecution of Trump will remain on hold until 2025.
The FBI is investigating whether the shooter was a politically motivated homegrown domestic violent extremist, and investigators are combing through his background.
Thousands of officers from multiple jurisdictions are in Milwaukee providing additional security for the convention.
Former U.N. Ambassador Nikki Haley and Florida Gov. Ron DeSantis endorsed former President Donald Trump at the Republican National Convention in Milwaukee.
"Donald Trump has my strong endorsement," Nikki Haley said in her speech at the Republican National Convention on the second night of the RNC.
The U.S. has contended with unrelenting temperatures this summer, and a map from NASA paints a dire picture of the scale of those persistent heat waves.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
Amazon's Prime Day, which generated $12.7 billion in sales in 2023, can also lead to more worker injuries, a Senate probe finds.
A larger stock of smaller homes could mean more budget-friendly options for buyers.
Apple users can now download an early version of a new iPhone operating system that will be officially released this fall.
JD Vance, who grew up poor in Ohio but later became a millionaire venture capitalist, aligns closely with Donald Trump on issues like trade and jobs.
The FBI is investigating whether the shooter was a politically motivated homegrown domestic violent extremist, and investigators are combing through his background.
Thousands of officers from multiple jurisdictions are in Milwaukee providing additional security for the convention.
Former U.N. Ambassador Nikki Haley and Florida Gov. Ron DeSantis endorsed former President Donald Trump at the Republican National Convention in Milwaukee.
"Donald Trump has my strong endorsement," Nikki Haley said in her speech at the Republican National Convention on the second night of the RNC.
President Biden is considering proposals to reform the Supreme Court, CBS News has learned.
Amazon's Prime Day, which generated $12.7 billion in sales in 2023, can also lead to more worker injuries, a Senate probe finds.
A new rankings list from U.S. News & World Report aims to highlight the top ranked hospitals for different specialized care needs, from cancer to cardiology.
14 students from a Tokyo high school were rushed to a hospital after eating chips marketed as "so spicy that they might cause you pain."
Rite Aid, which has already closed hundreds of stores, is shutting more locations in Michigan and Ohio.
Fitness guru Richard Simmons, who helped millions lose weight by preaching the value of exercise and movement, died Saturday, July 13, 2024, at age 76. In this November 30, 2003 commentary recorded for "Sunday Morning," Simmons offered his advice on dealing with holiday feasts, diets, and the benefits of "moving and grooving."
Two U.S. officials say U.S. Central Command has recommended the military permanently dismantle the pier run by the U.S. military to get aid into Gaza amidst the Israel-Hamas war.
U.S. intelligence recently detected an Iranian plot against former President Donald Trump, two U.S. officials tell CBS News.
The discovery of $224 million of cocaine marked yet another major seizure of the drugs concealed alongside the tropical fruit.
Here's a look at what Ohio Senator JD Vance, former President Trump's running mate, has said about some of the major international issues they would have to deal with if they win in November.
The Jalisco New Generation drug cartel has reportedly killed call center workers who try to quit.
Rain already falls on Venus, but it took more than 14 minutes for Missy Elliott's The Rain (Supa Dupa Fly)" to reach the planet.
After many people criticized Andress' rendition of the National Anthem online, comparing her with Fergie, the singer says she's going to rehab.
Season 26 of the CBS reality TV show "Big Brother" premieres on Wednesday. Sixteen new house guests will compete and strategize to evict one of their own each week to try and be the last person standing. The prize is $750,000. "Entertainment Tonight" host Nischelle Turner visited the house and even entered a one-day competition.
"90210" stars like Jennie Garth and Brian Austin Green paid tribute, and Alyssa Milano commented on her "complicated relationship" with Shannen Doherty.
In an exclusive interview with "CBS Mornings," Kate Hudson opens up about her debut album "Glorious," the personal stories behind the songs and how her children inspired her musical journey.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
Apple users can now download an early version of a new iPhone operating system that will be officially released this fall.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
AT&T on Friday disclosed that hackers had accessed records of calls and texts of "nearly all" its cellular customers for a six-month period between May 1, 2022, and Oct. 31, 2022. Jo Ling Kent reports.
AT&T disclosed yet another major data breach on Friday. The company said a third party illegally downloaded call and text records for nearly all its 109 million customers with accounts between May and October 2022. CBS News senior business and technology correspondent Jo Ling Kent is following this story.
The melting of glaciers and polar ice sheets causes water to move closer to the equator, fattening the planet and slowing its rotation, according to a recent study.
Spade-toothed whales are the world's rarest, with no live sightings ever recorded. Until, perhaps, now. One may have washed up onto a New Zealand beach.
Symptoms among the new bird flu cases included "fever, chills, coughing and sore throat/runny nose," alongside pink eye and eye tearing, a CDC spokesperson confirmed Monday.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
The 2024 Atlantic hurricane season got off to a deadly start as Hurricane Beryl tore across the Caribbean, Mexico and eventually the U.S.
The alleged leader of a violent extremist group plotted to poison children and minorities in New York City, authorities said Tuesday.
Three snipers from local law enforcement were inside the building former President Trump's would-be assassin fired from, and one of them had spotted him outside on three separate occasions prior to the shooting. The sniper took a picture of the gunman nearly 30 minutes before the shooting, when he saw he had a rangefinder. Meg Oliver has more on the investigation.
Tuesday's theme at the Republican National Convention is "Make America Safe Again." But how worried are Americans about crime? CBS News' Anthony Salvanto and Camilo Montoya-Galvez discuss the numbers.
The discovery of $224 million of cocaine marked yet another major seizure of the drugs concealed alongside the tropical fruit.
The Jalisco New Generation drug cartel has reportedly killed call center workers who try to quit.
Rain already falls on Venus, but it took more than 14 minutes for Missy Elliott's The Rain (Supa Dupa Fly)" to reach the planet.
It has been two years since NASA's James Webb telescope gave us a stunning first look at the depth of our universe. To commemorate the achievement, NASA has released new images showing two distant galaxies interacting with each other. Jane Rigby, astrophysicist and a senior project scientist for the Webb telescope at NASA, joins CBS News to discuss.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
SpaceX's Falcon 9 rocket suffered a catastrophic engine failure as it launched a batch of Starlink satellites into orbit Thursday night, the first time in nearly a decade the rocket has failed. CBS News space consultant Bill Harwood has more on that and the latest images from the James Webb Space Telescope.
The engine failure blamed for stranding 20 Starlink satellites in a low, non-survivable orbit was caused by a liquid oxygen leak.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
Lara Trump, who is the co-chair of the Republican National Committee, and is married to former President Donald Trump's son Eric, spoke Tuesday night at the 2024 Republican National Convention. She said she had a "very different" speech planned, but rewrote it in the wake of the attempted assassination of her father-in-law. "Nothing prepares you for a moment like that," she said.
Sen. Marco Rubio of Florida, a top contender for former President Donald Trump's 2024 vice presidential pick, who ultimately wasn't selected, delivered an impassioned speech Tuesday night at the Republican National Convention, arguing for Trump's "America first" agenda. "It is time to put our country and our people first again," Rubio said.
Arkansas Gov. Sarah Huckabee Sanders took the stage on the second night of the Republican National Convention to talk about former President Donald Trump's character, recalling memories she had while working as the White House press secretary during the Trump administration. She began her speech by addressing the attempted assassination against Trump, saying "not even an assassin's bullet could stop him," and took a jab at President Biden's age.
The 2024 Republican National Convention is already making its fair share of headlines. CBS News chief political analyst John Dickerson takes a look back at the GOP conventions of elections past, and the defining moments spanning administrations.
North Dakota Gov. Doug Burgum was on former President Donald Trump's shortlist for a potential 2024 running mate. On the second night of the Republican National Convention, Burgum sat down with "CBS Evening News" anchor and managing editor Norah O'Donnell to discuss the moment he learned he didn't make the cut.